The Middle East region’s secondhand luxury sector is growing slower than in other markets’, with interest in sustainability still nascent among consumers and cultural stigma remaining around pre-owned items, according to a report by the Dubai-based retail giant.
Companies including Nike, Levi’s and Inditex have managed to curb their planet-warming emissions over the last five years, but remain off track to meet 2030 goals, analysis by climate group Stand.earth finds.
Labour and climate groups are pushing to make the fashion industry a bigger part of the conversation at the UN’s annual climate summit.
The Swedish textile recycler has been under pressure since a weaker-than-expected sales update in October sent its share price plummeting and prompted the abrupt departure of its CEO.
Organisations representing more than 2,500 international brands, retailers and suppliers said the country’s new minimum wage for garment workers is too low to basic needs.
The executive, who helmed the organisation through a greenwashing controversy centred on its sustainability tools, will step down on Dec. 29.
Fashion Recycling Platform SuperCircle Raises $7 MillionThe reverse logistics business, whose clients include Reformation and Uniqlo, sits in an emerging space in the market, as more brands look to ensure the clothes they sell can be recycled at the end of their life.
Matthieu Blazy, Daniel Lee and Miuccia Prada and Raf Simons are also up for the prestigious prize.